27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Pinduduo Inc (NASDAQ:PDD) is under scrutiny after an employee died after working past midnight last week, Bloomberg reported Monday.
What Happened: The company faced criticism online after it disclosed the death of the employee on Monday, according to Bloomberg.
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A hashtag related to the incident reportedly drew 150 million views on Sina Weibo, a service similar to Twitter Inc’s (NASDAQ:TWTR) platform run by Sina Corporation (NASDAQ:SINA).
Why It Matters: The grueling schedule is locally known as 996 — from 9 a.m. to 9 p.m., six days a week, not including overtime — has been endorsed by tech leaders in China such as Alibaba Group Holding Ltd (NYSE:BABA) founder Jack Ma and JD.com, Inc (NASDAQ:JD) CEO Richard Liu, noted Bloomberg.
The backlash against Pinduduo comes at a time when China is stepping up regulation of its tech companies.
See Also: Alibaba Regulatory Woes A 'Nirvana Set Up' For FAANG Stocks, Says Analyst
Price Action: Pinduoduo shares closed 0.8% lower at $177.67 on Thursday and gained 1.14% at $179.70 in the after-hours session.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.